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An annuity pays 1 dollar at time 1/m, 2/m, ..., The annual effective interest rate is given by i. Determine the accumulated value of this
- An annuity pays 1 dollar at time 1/m, 2/m, ..., The annual effective interest rate is given by i. Determine the accumulated value of this annuity at time 1 (in terms of m and i). - for that question it means 1 dollar per payment or m dollars totally in one year.
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Performance Measurement In Finance
Authors: John Knight, Stephen Satchell, Nathalie Farah
1st Edition
0750650265, 978-0750650267
